According to Visa UK, £83 billion “disappears” annually from British wallets and purses, working out at £1,700 per person, enough to cover utility bills for a year. “This research reveals how difficult it is to keep track of your spending…

Credit cards, mortgages, loans and other forms of credit mean that Britons are more in debt than ever before, with most of this down to home ownership. “Our findings are still very alarming in that they show that a significant…

In its report, the authority accused financial firms of failing to always give correct advice, which could lead to people getting into debt. Welcoming the report, the chairman of the Financial Services Consumer Panel, John Howard, said: “For consumers to…

Although there is to be a public consultation committee before the adverts are allowed, fears remain that children and people with gambling problems will be at risk of being encouraged to gamble. “The Salvation Army is concerned about the introduction…

Rather than planning for the future by repaying any loans or debt that they have, IFA Promotions found that a quarter of Britons would rather spend any increase in income on luxuries. “Despite well-documented and countless warnings that as a…

Maria Eagle, the enterprise minister, announced the funding of £800,000 over two years to place advisers across the province to support advice in towns and cities. “Debt in Northern Ireland is having an adverse economic, social and personal impact on…

Not only can bad debt add to a bad credit rating, but so can being rejected for a loan. Neil Munroe of Equifax is urging people to check their record first. “Every time you apply for any kind of credit…

Secretary of state for work and pensions, John Hutton, said that this will be the best way to stop people from under-saving, particularly the low earners. “We need to tackle the culture of under-saving, particularly among lower earners,” said the…